OPEC's secretary general: Agreed to hold another meeting in April to assess market response

Market news

27 February 2019

OPEC's secretary general: Agreed to hold another meeting in April to assess market response

April will be a good time to asses the market response
Based on that assessment a decision will be taken
Conformity levels have been impressive all through, and the same is believed to happen in 2019
Sanctions against OPEC members complicates work to rebalance market and sustain it
The U.S. is the biggest oil producer in the world, it has a strategic stake in the supply and demand globally
Welcomes U.S. President Trump to join a dialogue on the rebalancing of oil market

European Commission says 13 EU countries experiencing economic imbalances

Bundesbank's Weidmann sees "no acute need" to adjust ECB rate guidance

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